PPG Industries inaugurated a new manufacturing facility for the production of heavy-duty equipment coatings in Tianjin, China, recently. The Tianjin site also has installed equipment to help reduce VOC (volatile organic compound) emissions and preserve the local environment. Nearly 100 guests including PPG executives and representatives from leading heavy-duty equipment manufacturers attended the opening ceremony. With annual capacity of about 9,000 tons, the new plant will produce industrial coatings for China-based manufacturers of heavy-duty machinery, such as agricultural, construction and mining equipment.

Asian Paints has announced its financial results for the first quarter ended 30 June 2013. K.B.S. Anand, Managing Director & CEO, Asian Paints Limited, stated: "The Decorative paints business in India did well considering the challenging and uncertain macro environment. Paints volume grew in double digits. Raw material prices were by and large stable with a softening bias, but were affected by the Depreciation of Rupee."

The waterborne coatings market in Asia-Pacific earned revenues of more than USD 11.86 billion in 2012 and is estimated to reach USD 16.71 billion in 2016, according Frost & Sullivan’s new market analysis.